The dollar was trading at three-week highs against the yen on Thursday as stimulus expectations continued to pressure the Japanese currency, USD/JPY was up 1.1% at 105.65, the highest level since June 24, bringing the week’s gains so far to 4.8%.
Poll: 91.5% of the Forex traders at Daweda Exchange think that the USD/JPY will go UP this week.
Crude futures dipped towards $47 a barrel on Friday on concerns that a persistent global glut of crude oil and refined products will impede any price recovery. Losses were capped by slightly better-than-expected Chinese economic data reflecting government efforts to stabilize growth as well as a drop in Chinese domestic production.
Poll: 76.1% of the commodities traders at Daweda Exchange think that the OIL will go UP this week.
⇓ S&P 500
The stock market enjoyed its third consecutive weekly advance that sent the S&P 500 and Dow Jones Industrial Average to fresh record highs. The S&P 500 gained 1.5% for the week.
Poll: 77.8% of the Indices traders at Daweda Exchange think that the S&P 500 will reverse DOWN this week.
What do you think?
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